• KATHIRIYA PRIYANKA CHANDUBHAI

The Financial sector, of which the Banking sector is the largest player, plays a dominant role in building the economy of an individual as well as a nation. Banks have control over a large part of the supply of money in circulation. They are the main stimulus for the economic progress of a country. Indian banking system touches the lives of millions of people and it is growing at a fast pace. The banking industry in India is facing several challenges like changing needs and perceptions of customers, new regulations from time to time, and great advances in technologies. The pressure of meeting these challenges have compelled banks to change the old ways of doing business. With the emergence of Privatisation, Globalisation and Liberalisation in India, Banks are focusing on Research and Development and applying various innovative ideas and technology. There is a close relationship between the development of banking sector and the new innovations in technology and Electronic data processing. The present paper focuses on major technology trends and innovation in banking.

Banking Technology and Innovation , Challenges

"EMERGING TRENDS IN BANKING SECTOR IN INDIA (With Special Reference to Banking Technology)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 12, page no.562-566, December-2020, Available :http://www.jetir.org/papers/JETIR2012274.pdf

"EMERGING TRENDS IN BANKING SECTOR IN INDIA (With Special Reference to Banking Technology)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 12, page no. pp562-566, December-2020, Available at : http://www.jetir.org/papers/JETIR2012274.pdf